In a recent report, Cantor Fitzgerald has expressed a strong positive outlook on three Solana treasury companies: DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL). The firm initiated coverage on these companies with an overweight rating and set price targets of $45 for DFDV, C$54 for Sol Strategies, and $16 for Upexi. Analysts, led by Thomas Shinske, believe that these companies are betting on an on-chain future, primarily centered around Solana's blockchain. The report highlights that Solana's technological advantages over Ethereum make it a more strategic choice for treasury holdings. Despite Ethereum's larger market cap—approximately 2.5 times that of Solana—Cantor believes that Solana's growing developer ecosystem and innovative capacity position it favorably against Ethereum. 'Developer growth on SOL has far exceeded that on ETH recently, and we expect this trend to continue,' the analysts state. This positive sentiment has led to an expectation that firms adopting Solana should see solid returns as consumer interest in DeFi remains high.
Analysts Recommend Solana as Treasury Asset Over Ethereum, Predicting Premium for SOL
Cantor's latest report recommends Solana over Ethereum as a preferred treasury asset, forecasting a premium for SOL as DeFi firms adopt it.
Jamie Bennett
Crypto Analyst
5 min read
25,215
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 8/10
Trading Recommendation
SOL
SOL
BUY
Entry Price
$157.15
Confidence
80%
Stop Loss
$150
Take Profit
$165 - $175
Positive outlook from analysts on Solana's treasury strategy suggesting significant potential growth.
